Simplify Multi-Qis Alternative ETF (QIS) Performance
QIS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −16.2% since Dec 31, 2025
- 1 year
- −34.5% total return
- 3 years
- −19.8% a year
- Since first price
- −17.5% a year since 2023
QIS trailing returns vs SPY, QQQ, AGG
| Period | QIS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +4.3% | −0.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +12.3% | +7.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.3% | −7.4% | +7.8% | +8.4% | −1.5% |
| YTD | −16.2% | −20.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −34.5% | −37.9% | +14.4% | +15.9% | −1.1% |
| 3 years | −48.5%−19.8%/yr | −54.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJul 11, 2023 | −46.9%−17.5%/yr | −52.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: QIS vs SPY
From Jul 11, 2023: QIS grew to $5,308, SPY to $17,873.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
QIS returns by calendar year
1 of 2 full years positive. Best 2024 (+0.2%), worst 2025 (−38.0%). 2026 is year to date.
QIS annual returns table
| Year | QIS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −16.2% | −42.3% | +12.3% | +15.1% | −1.0% |
| 2025 | −38.0% | −41.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +0.2% | −7.5% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
QIS largest drawdowns
Now 50.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 1, 2024 | −63.5% | Aug 5, 2026 | not yet | 1.8 years | 2.1 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
QIS risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | −22.4% | −20.5% |
| Volatility (annualized) | 21.1% | 20.7% |
| Sharpe ratio | -1.29 | -1.21 |
| Sortino ratio | -1.37 | -1.29 |
| Best month | +14.2% | +14.2% |
| Worst month | −16.6% | −16.6% |
| Best 12 months | +1.4% | +3.3% |
| Worst 12 months | −53.7% | −53.7% |
| Positive months | 36% | 39% |
| Beta vs S&P 500 | 0.68 | — |
| Correlation with S&P 500 | 0.40 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
QIS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 28 | −53.7% | −19.0% | +3.3% | 14% |
| 3-year (a year) | 4 | −24.5% | −22.5% | −19.8% | 0% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
QIS performance overview
Simplify Multi-Qis Alternative ETF (QIS) returned −34.5% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned −17.5% a year, turning $10,000 into about $5,308. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −63.5%, from Oct 1, 2024 to Aug 5, 2026; the fund has not yet regained that high. Volatility has been 20.7% a year.
Related: QIS chart, QIS dividends. See the QIS overview for the latest quote and fund facts.
QIS performance FAQ
What is the QIS return over the past year?
QIS returned −34.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 37.9%.
How much would $10,000 invested in QIS be worth?
$10,000 invested in QIS at its first recorded close on July 11, 2023 would be worth about $5,308 on October 23, 2026 with distributions reinvested.
What was the worst year for QIS?
The worst calendar year was 2025, with a total return of −38.0%. The best was 2024 at +0.2%.
What is the biggest drawdown of QIS?
The largest peak-to-trough decline was −63.5% between October 1, 2024 and August 5, 2026. It has not yet recovered to that high; it is 50.8% below its peak.
How volatile is QIS?
Over the past 3 years QIS had an annualized volatility of 21.1% and a Sharpe ratio of -1.29 (excess return over 1–3 month T-bills per unit of risk).